Green pound revaluation possible

12 March 1998

Green pound revaluation ‘possible’

ANOTHER revaluation of the green pound is possible in the next few weeks if sterlings value continues to rise, reports The Scotsman.

If revaluation of the green ecu was triggered then there would be at least a 2.5% cut in support prices, including intervention, as well as the over-thirty-months cattle scheme and the calf processing scheme.

• The Scotsman 12/03/98 page 30